2422 W Florence Avenue, Los Angeles, CA 90043

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Property Description

DELIVERED VACANT AT CLOSE OF ESCROW! Located in a prime location near vibrant Inglewood and just moments from SoFi Stadium and Intuit Stadium, this commercially zoned duplex is a standout investment opportunity. Currently, the property generates substantial monthly rental income of $6,000 from its existing residential units. This income stream provides immediate cash flow while laying the groundwork for future development. Beyond its financial prospects, the property offers significant room for growth. There's ample space on the lot to add a third unit or an ADU (Accessory Dwelling Unit), offering additional rental income potential. Ample parking enhances the property's practicality and appeal. What sets this property apart is its potential for expansion and transformation. It comes with approved plans and RTI (Ready-To-Issue) permits for a modern, three-story apartment building that can accommodate either three or four units. This flexibility allows investors and developers to capitalize on its commercial zoning, enhancing its value proposition. Moreover, the location is prime for capitalizing on the dynamic growth of Inglewood. With nearby entertainment venues, shopping options, and easy access to major freeways, residents will enjoy convenience and accessibility. One of the most compelling features of this offering is that it will be delivered vacant at the close of escrow. This means new owners can move swiftly with their development plans without the constraints of existing leases, maximizing their flexibility and timeline. This property represents a rare blend of current income and expansive future potential. Whether you're looking to invest in income-generating rental units, develop a modern apartment building, or explore the possibilities of commercial zoning, this opportunity should not be missed.


Interior Features

Bedroom Information
Bedrooms 5
Bathroom Information
Features Separate Shower
Bathrooms 2
Interior Information
Cooling Type None

Listing Information

Address 2422 W Florence Avenue
City Los Angeles
State CA
Zip 90043
County Los Angeles
Listing Agent Stephanie Younger DRE #01365696
Co-Listing Agent Robert Lugari DRE #02174891
Courtesy Of Compass
List Price $699,000
Status Active
Type Residential Income
Structure Size 1,066
Lot Size 5,744
Year Built 1955

Listing information courtesy of: Stephanie Younger, Robert Lugari, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 18th, 2024 at 11:21 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.